Guideline Value for Heritage Jeyandrar Nagar 1st Cross Street

Heritage Jeyandrar Nagar 1st Cross Street guideline value

The current guideline value of Heritage Jeyandrar Nagar 1st Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Heritage Jeyandrar Nagar 1st Cross Street has changed

The guideline value for Heritage Jeyandrar Nagar 1st Cross Street has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. The 2023 revision then increased the value to Rs 2,500 per sq.ft, which was a significant rise of 49%. Currently, the 2024 revision sets the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values for 2024 ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, positioning Heritage Jeyandrar Nagar 1st Cross Street above this median.

• Heritage Jeyandrar Nagar 13th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 1st Cross Street Extn: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 13th Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 12th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 2nd Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Heritage Jeyandrar Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Heritage Jeyandrar Nagar 1st Cross Street?

The Sub Registrar Office that covers Heritage Jeyandrar Nagar 1st Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Chembakkam

The guideline value plays a crucial role when buying or selling property in Chembakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures that the property is registered accurately and that all legal requirements are met. This helps in maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Heritage Jeyandrar Nagar 1st Cross Street?

The current guideline value of Heritage Jeyandrar Nagar 1st Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and currently to Rs 2,700 per sq.ft in 2024.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles the registration for Heritage Jeyandrar Nagar 1st Cross Street?

The Selaiyur Sub Registrar Office handles the registration for Heritage Jeyandrar Nagar 1st Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.

What is the land classification for Heritage Jeyandrar Nagar 1st Cross Street?

Heritage Jeyandrar Nagar 1st Cross Street is classified as Residential Class I Type - III.